Trading ideas: Tanjung Offshore, PDZ, Land & General

KUALA LUMPUR:JF Apex expects Tanjung Offshore Bhd, PDZ Holdings and Land and General Bhd to be among the stocks which could see exchanging activity on Wednesday. The exploration house additionally expects Apex Healthcare, Kuala Lumpur Kepong (KLK) and Astro Malaysia Holdings Bhd to create some exchanging enthusiasm after their quarterly results declarations and corporate news yesterday.

Tanjung Offshore is wanting to buy a 51% stake in Wenmax Bhd, a Petroliam Nasional Bhd (Petronas) authorized seller, for RM8mil to extend its upstream oil and gas segment. PDZ is rethinking its arrangement to wander into the downstream oil and gas business, as it prematurely ended on Tuesday the practice went for raising assets for its proposed billion-ringgit melted petroleum gas (LPG) extend;

JF Apex said Land and Genera has proposed to purchase more than four organizations from Malaysia Land Properties Sdn Bhd for an entirety of RM298.32mil, with land banks deliberately situated in Klang Valley. In the interim, Apex Healthcare’s 3QFY16 net benefit rose 57.5% yoy, driven by higher income and benefit commitment from its partner. KLK has sweetened its takeover offer for London-recorded MP Evans Group Plc, which works ranches in Indonesia and Malaysia, from 640 pence (RM34.41) to 740 pence (RM39.78).